Share buybacks, monetary policy, and crowding out

Romar Correa

Economics Bulletin, 2021, vol. 41, issue 2, 798-801

Abstract: We extend the results of Elgouacem and Zago (2020). The authors demonstrate that expansionary monetary policy increases debt issuance and share buybacks on the part of US corporations. The earning per share also increases. We extend their results to the crowding out of capital and labour as a result of the policy stance.

Keywords: employment; investment (search for similar items in EconPapers)
JEL-codes: D2 E5 (search for similar items in EconPapers)
Date: 2021-04-09
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